Quote:
Originally Posted by Stenar
Another reason they are buying single-family homes is probably that there are few condos for them to buy.
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Might be a bit of a chicken and egg scenario, but as we've discussed, there are lots of condos for sale in CCC, but maybe that's not what lots of potential buyers are looking for. I will concur that there is a bit of a stigma for some people not wanting to buy in CCC, not explicitly because they don't like the LDS church and don't want to support them, but rather that because the LDS church owns it, and the shopping center is closed on Sunday, it has a certain "churchy" vibe, and lots of non-LDS folks just don't really like it and/or may feel uncomfortable there.
Has anyone looked for vacancies in American Towers lately? I'm trying to think of other condo towers downtown but can't think of many. Weren't Broadway Towers (across 300 S. from the Broadway movie theater) converted to condos a while back? There are several low-midrise condos around as well, but again I really don't have a feel for availability. Would more people be buying condos if more were available, or maybe just more available in a certain niche? Downtown highrise not associated with the LDS church or CCC might be a hot item these days, I just don't know. Maybe a quick search around online is in order.